If my business is making a profit, where’s the cash?
Some small business owners find themselves in the difficult position of running a business that appears to be profitable, but still having no money in the bank. It’s an important situation to address. After all, a lack of adequate cash flow is one of the main causes of small business failure. Here are three reasons […]
Five Ways to Manage a Healthy Cash Flow
We cannot stress enough the importance of properly managing your cash flow to ensure the smooth running of your business. And in times of crisis such as pandemics and, more recently, the impact of economic pressures, this becomes more than important– managing your cash becomes a necessity for survival. If you are experiencing cash flow […]
8 things your invoice needs in order to get paid faster
So you’ve set up your business and sold some products and services. Now, you have to send an invoice to collect your payment. But what should you include on your invoices in order to get paid faster? Even if you’ve been running your business for a while, you might be missing other information that you […]
Know Your Numbers
… and make better business decisions. We all make mistakes, every week, sometime every day. The small mistakes usually have little significant impact. The big ones do. Avoid bad business decisions Business owners can often avoid making bad business decisions by having a better understanding of their financial position and the financial impact […]
6 Tips to Get the Most Out of Your Xero Subscription
Xero is one of the global leaders in the cloud-based accounting software market. Its appeal, especially for small businesses, is not difficult to see. By streamlining your accounting process, providing real time access to updated financial information, and automating repetitive, time-consuming tasks, Xero makes it easier for you to manage your business finances. Throughout the […]
5 Xero Mistakes Business Owners Make and How To Avoid Them
If you’ve just started working with Xero, it is normal to make a few mistakes while you’re learning. We see mistakes that are quite common – and unfortunately costly – so you should be aware of them if you want to get the most out of Xero’s powerful cloud accounting system. 1. Not connecting all […]
10 more quick growth tips for small business owners
As we start to emerge from lockdown and businesses look to restart and some cases start, we’ve provided a number of quick tips to help grow your business through collaboration, expansion, improved marketing. 1. Improve your customer service Businesses with good customer service retain consumers and attract new business through word-of-mouth. Even if you think […]
5 Most Common Accounting Mistakes That Could Hurt Your Business
Many small business owners tend to handle their own accounting and bookkeeping, especially when they’ve just started out. However, keeping track of the finance-side of the business– everything from income to expenses to tax compliance– can be overwhelming. Mistakes can happen quite easily and can have costly consequences to your business. Below are five of […]
All The Gear, No Idea
Anyone who has played sport at any level with be familiar with this phrase. They’ll either know or have seen people turn up at their club, gym or an event – football, cricket, running, cycling, triathlon…the list goes on… You’ve seen them. They’ve got all the latest kit and gadgets but once under way its […]
Do you work like it’s 2019 – or 1999?
Remember how we used to work? We may all harbour some nostalgia for memos, pigeon holes and printed ledgers, but probably not for the 12-hour days and insomnia-inducing deadlines. Accounting technology has made life easier and more transparent for both accountants and their customers. But are we really making the most of it? Just think […]